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Guideline Value

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Guideline Value for Raghava Reddy Colony 2nd Link Street (AN)

₹7700/sq.ft.

The guideline value for Raghava Reddy Colony 2nd Link Street (an) in Kodambakkam village (Ashok Nagar SRO, Chennai zone) is Rs 7700 per sq.ft, effective 1 July 2024. It was Rs 7000 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodambakkam

Village

Ashok Nagar

SRO

Mixed Type - II
History
Period Guideline Value
From 1-7-2024 ₹7700 /sq.ft.
From 1-4-2023 ₹7000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4690 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹7000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1860 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561082
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Raghava Reddy Colony 2nd Link Street (an)

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Raghava Reddy Colony 2nd Link Street (AN) guideline value

The current guideline value of Raghava Reddy Colony 2nd Link Street (AN) is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, with a land classification of Mixed Type - II.

How the guideline value of Raghava Reddy Colony 2nd Link Street (AN) has changed

The guideline value has seen several revisions over the years. The earliest recorded figure for this street is from the 2007 revision, which was Rs 1,860 per sq.ft. This figure increased significantly to Rs 7,000 per sq.ft in the 2012 revision, marking a rise of 276%. However, the value dropped to Rs 4,690 per sq.ft in the 2017 revision, a decrease of 33%. The 2023 revision saw another increase to Rs 7,000 per sq.ft, followed by the latest 2024 revision which raised it to Rs 7,700 per sq.ft, an increase of 10% from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 314%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, which means that the 2024 figure for Raghava Reddy Colony 2nd Link Street (AN) is above the median.

Stamp duty and registration fee for property in Raghava Reddy Colony 2nd Link Street (AN)

For a 1,000 sq.ft plot at the current guideline value, the total value would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, making the total cost for these fees Rs 6,93,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Raghava Reddy Colony 2nd Link Street (AN)?

The Sub Registrar Office that covers Raghava Reddy Colony 2nd Link Street (AN) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kodambakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Kodambakkam. It is used to determine the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value serves as the baseline for calculating these fees, ensuring that the government receives appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Raghava Reddy Colony 2nd Link Street (AN)?

The current guideline value of Raghava Reddy Colony 2nd Link Street (AN) is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,860 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 314% over the years.

What is the median guideline value in Kodambakkam?

The median guideline value in Kodambakkam is Rs 4,900 per sq.ft, with Raghava Reddy Colony 2nd Link Street (AN) being above this median at Rs 7,700 per sq.ft.

What are the stamp duty and registration fees for a property in Raghava Reddy Colony 2nd Link Street (AN)?

For a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000 and the registration fee would be Rs 1,54,000, totaling Rs 6,93,000.

Which office handles registrations for Raghava Reddy Colony 2nd Link Street (AN)?

The Ashok Nagar Sub Registrar Office handles registrations for Raghava Reddy Colony 2nd Link Street (AN), located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.